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US recession began in December 2007’ - Daily TimesWASHINGTON: The US economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER _ a private, nonprofit research organization _ said its group of academic economists who determine business cycles ...
Colorado mortgage rates decline - Denver Business JournalMortgage rates in Colorado declined during the past week, echoing a national trend sparked by the federal government’s decision to buy mortgage-backed securities. Zillow Inc. reported the decline Tuesday. The Seattle-based real estate website in ...
Mortgage Rates Drop to Lowest Level This Year - PR NewswireSEATTLE, Dec. 2 /PRNewswire/ -- Mortgage rates fell dramatically last week, due to the government's decision to purchase mortgage-backed securities. Rates for 30-year fixed mortgages declined to 5.53 percent, down from 5.92 percent the week prior ...
Treasurys extend gains amid investor worries - Beaufort GazetteNEW YORK Yields on U.S. government debt touched fresh lows again Tuesday as investors, worried about the economy and the ongoing volatility in stocks, again sought out the safest investments. Yields, which move opposite their price, fell to record ...
Underwater mortgages a maze of headaches for homeowners - Indiana GazetteDavid Craig knows how draining it can be to make payments on a home that is worth less than the mortgage debt on it. The Colorado resident and his wife have struggled the past two years to carry not one but two homes valued at less than what's owed ...
Review claims U.S. ignored warnings about economy - Ledger-Enquirer– All United States – Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota ...
Florida lenders halt new foreclosures for 45 days - Naples Daily NewsTALLAHASSEE — Facing one of the highest foreclosure rates in the country, Gov. Charlie Crist on Monday called on lending institutions to hold off on new foreclosures for at least 45 days. Flanked by representatives from the banking community, Crist ...
Dealing with underwater mortgages - Denver PostDavid Craig knows how draining it can be to make payments on a home that is worth less than the mortgage debt on it. The Brighton-area resident and his wife have struggled the past two years to carry not one, but two, homes valued at less than what ...
Letters, 11/25: Face the consequences - Lincoln Journal StarWhy should homeowners who are behind on their mortgage payments be helped by the government or banks to avoid foreclosure? If you are going to spend money you don’t have, you should have to suffer the consequences. My parents have made every ...
Oklahoma: Cornucopia of hope for housing market - Edmond SunFor the most part the national media has a “doom and gloom” slant on their reporting. Let us never forget the old journalism adage, “If it bleeds, it leads.” Good news doesn’t sell. But since I’m a volunteer writer and make nothing for ...
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